ASB Is Committed To Keeping Kiwis In Their Family Homes

Monday, 17 August 2020, 4:24 pm
Press Release: ASB Bank

ASB welcomes the Government’s decision to extend the Mortgage Repayment Deferral Scheme until 31 March 2021.

ASB’s executive general manager Retail Banking Craig Sims says today’s extension is in line with the bank’s ongoing commitment to work with customers who’ve been financially impacted by COVID-19 to keep them in their family homes.

“Since the pandemic began to unfold, we’ve been doing everything we can to support New Zealand’s economy and reassure our customers that ASB is here to see them through,” says Sims.

The deferral scheme applies to loans secured by residential property as well as loans to small and medium enterprises and agricultural loans.

“COVID-19 has affected everyone’s financial situation differently. This means we are taking a tailored approach, working with our customers individually to identify the best available solutions to give them the breathing room they may need to get back on their feet.

“We want to reassure customers who are finding it tough there are a range of options we can work through together to help reduce the burden. For example, restructuring home lending through a term extension or interest-only payments could be a better option for some than deferring their mortgage repayments for an extended period of time.

“The most important message to customers who are struggling is not to feel alone in this, talk to us and together we will find a level of support that works for you. We have a dedicated team of financial assistance specialists who will help customers make informed decisions in the best interests of their financial well-being now, and in the future.

“Our team is proactively contacting all customers with existing COVID-19 financial assistance to understand their current personal financial circumstances and offer them further support if they need it.

“We know that the coming months are going to be challenging for some and that there are tough conversations still ahead of us. However, our commitment is to work with every customer to keep them in their home," concludes Sims.

More information can be found at: asb.co.nz/covid-19 or https://www.asb.co.nz/covid-19#support-options

© Scoop Media

ASB Bank

Helping you get one step ahead.

In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.

ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.

ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.

We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.

Contact ASB Bank

• Info on - Bank Accounts
• Info on - ASB Home Loans
• Info on - ASB Credit Cards
• Link to - Mortgage Calculator
• Info on - Business Banking
• Info on - ASB Kiwisaver
• Link to - ASB Blog
• Info on - Personal Loans